Registered number 1028609 ## Lordsmead Pre-School Playgroup Report and Unaudited Accounts 31 August 2023 **Lordsmead Pre-School Playgroup Registered number: 1028609 Trustees' Report** The trustees present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of Accounting and reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 1015). ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The principle activity of the charity is to provide appropriate play, education and care facilities for preschool age children. In setting our objectives and planning our activities the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit. ## **Trustees** The following persons served as trustees during the year: T Griffiths S Goulton G Gray ## **Financial review** For the year ended 31 August 2023, the pre-school is reporting a surplus of £13199 (2022: deficit £1663). ## **Reserves policy** It is the aim of the trustees to maintain funds which are free reserves of the Charity, at a level which provides sufficient funds to cover redundancy payments and future improvements to facilities. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** Lordsmead Pre-School Playgroup was registered as a charity on 23 November 1993 (registered under charity number 1028609). The charity is governed by constitution, which was adopted on 31 March 1993 and updated on 30 October 2009. The charity was established to enhance the development and education of children under the statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by offering appropriate play, education and care facilities. ## **Recruitment and appointment of new trustees** The charity's work focuses upon young people. The trustees seek to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. The more traditional business skills are well represented on the Board of Trustees. In the event of particular skills being lost due to retirements, individuals are approached to offer themselves for election to the Board of Trustees. This report was approved by the board on date and signed on its behalf. T Griffiths Trustee 1 Independent Examinerfs report to the trustees of Lordsmead Pre-school Playgroup l ￿ptsrt to the cttarity twslees on my examination of the accounts of Lofdsmead Pre-school P18ygTOUP {the Trusl) for the year ended 31 Augusl 2023. Raspon$ibilitie$ and basis of rtport A5 the charity trustees of the trust you are resw>nsibie for the Fyepafation of the accounts in accordance with the requirements of the Charrties Act 2011 (the AGI}. I report in respect of my examination of the Trusi's accounts Carried oul under se¢lion 145 of the Act and in carying out my examination I have followed all apFdicable Directions given by the Charity Commission under seclion 145(5)(b) of the Act. Independent exarninerfs stslement I have ¢ompleled my examination. I confinn that no rnalenal matters have come lo my attention in connection with the examination giving me cause to L￿lieVe that l any matellal respect. 1 accounting records were not kept in f8sF￿￿ of the Trust a5 required by sedion 130 01 the Acl,. or 2 the accounts do nol acconj with those records". or 3 the accounts do not comply wth the applicable requirement5 conixming the fom) and content of accounts Sel out in the Charrties (AGcounts and Rewrts) regulations 2008 other than any quirement that the a¢￿￿nts give a true and fair view which is not a matter considered as part of an Independent examlnation. I have no concerns and have come a(xo&8 no matters in conneclion wtth the examination lo ￿lch attention Should be drawn in Ihis report in ortjer to enable a prn￿r underst8nding of the accounts lo te reached. Karen Sayer5 Limited Chartered Accoumants 29 Silver st￿et Coleme Wilt5 SN14 8DY date 11 |**Lordsmead Pre-School Playgroup**
**Registered number:**
**Balance Sheet**
**as at 31 August 2023**
**Notes**
**Fixed assets**
Tangible assets
3
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
4
**Net current assets**
**Net assets**
**Funds**
Unrestricted funds
**TOTAL FUNDS**|1028609
**2023**
**£**
6,335
63,888
(927)
62,961
69,296
69,296
69,296|**2022**
**£**
7,039
50,228
(1,170)
49,058
56,097
56,097
56,097|**2022**
**£**
7,039
50,228
(1,170)
49,058
56,097
56,097
56,097| |---|---|---|---| ||||| ||||56,097| ||||56,097| ||||56,097| T Griffiths Trustee Approved by the board on date 3 ## **Lordsmead Pre-School Playgroup Income and expenditure for the year ended 31 August 2023** |**Income**
Administrative expenses
Other operating income
**Net income/(expenditure)**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**2023**
**£**
219,974
(206,916)
141
13,199
13,199
56,097
69,296|**2022**
**£**
139,625
(134,449)
-| |---|---|---| |||5,176| |||5,176
50,921| |||56,097| 4 **Lordsmead Pre-School Playgroup Notes to the Accounts for the year ended 31 August 2023** ## **1 Accounting policies** ## _**Basis of preparation**_ The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and reporting by Charities:Statement of Recommended Practice aplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicablein the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## _**Income**_ All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and can be measured reliably. ## _**Expenditure**_ Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that the transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of the resources. ## _**Tangible fixed assets**_ Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings 10% reducing balance ## _**Taxation**_ The charity is exempt from tax on its charitable activities. ## _**Fund accounting**_ Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ## _**Provisions**_ Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. ## _**Pensions**_ Contributions to defined contribution plans are expensed in the period to which they relate. 5 ## **Lordsmead Pre-School Playgroup Notes to the Accounts** **for the year ended 31 August 2023** |**2**
**Employees**
Average number of persons employed by the company
**3**
**Tangible fixed assets**
**Cost**
At 1 September 2022
At 31 August 2023
**Depreciation**
At 1 September 2022
Charge for the year
At 31 August 2023
**Net book value**
At 31 August 2023
At 31 August 2022
**4**
**Creditors: amounts falling due within one year**
Taxation and social security costs
Other creditors
**5**
**Unrestricted funds**
At 1 September 2022
Incoming resources
Resources expended
At 31 August 2023
Staff wages and costs were £161,149 (2022 £104,949)|**2023**
**Number**
7
**2023**
**£**
448
479
927
**2023**
**£**
56,097
219,974
(206,775)
69,296|**2022**
**Number**
8| |---|---|---| |||**Plant and**
**machinery**
**etc**
**£**
16,328| |||16,328| |||9,289
704| |||9,993| |||6,335| |||7,039| |||**2022**
**£**
690
480| |||1,170| |||**2022**
**£**
50,921
139,625
(134,449)| |||56,097| 6 ## **Lordsmead Pre-School Playgroup Detailed profit and loss account for the year ended 31 August 2023** _This schedule does not form part of the statutory accounts_ |**Income**
Fees
Grant
Fundraising
Snacks
Covid related grants
**Administrative expenses**
Charitable activities
Wages and salaries
Pensions
Clothing
DBS
Grant expenditure
Employer's NI
Staff training and welfare
Milk payments and snacks
Travel and subsistence
Educational resources
Consumables
Staff training
Trips and parties
Pupil premium costs
Premises costs:
Rent
General administrative expenses:
Telephone and fax
Stationery and printing
Subscriptions
Insurance
Equipment expensed
Software
Repairs and maintenance
Depreciation
Website
Sundry expenses
Legal and professional costs:
Accountancy fees
**Other operating income**
Net other income (t shirt sales etc.)|**2023**
**£**
21,112
193,093
2,737
3,032
-
219,974
158,460
1,581
327
218
2,536
1,108
994
2,358
14
3,938
1,374
2,144
1,091
3,580
179,723
18,280
18,280
735
-
203
900
3,128
15
2,001
704
49
506
8,241
672
672
206,916
141|**2022**
**£**
19,818
115,589
1,363
1,355
1,500| |---|---|---| |||139,625| |||103,780
1,169
631
-
-
-
265
1,139
-
1,915
1,778
1,065
824
2,095| |||114,661| |||15,648| |||15,648| |||426
21
213
875
614
36
26
782
96
379| |||3,468| |||672| |||672| |||| |||134,449| |||-| 7